Somewhat Positive News Coverage Somewhat Unlikely to Impact UGI Corporation (UGI) Stock Price
News coverage about UGI Corporation (NYSE:UGI) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. UGI Corporation earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 47.988003566366 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Adviser Investments LLC Increases Position in Verizon Communications Inc. (VZ) (campdesrecrues.com)
- MDYV, UGI, LDOS, AFG: Large Inflows Detected at ETF (nasdaq.com)
- Zacks.com featured highlights: Popular, National General Holdings, Regal Beloit, American Equity Investment Life Holding Company and UGI (finance.yahoo.com)
- UGI Corp. breached its 50 day moving average in a Bearish Manner : UGI-US : August 4, 2017 (finance.yahoo.com)
UGI Corporation (NYSE:UGI) traded down 0.58% during trading on Friday, reaching $47.89. The company’s stock had a trading volume of 575,961 shares. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 21.79 and a beta of 0.67. The firm has a 50 day moving average price of $49.16 and a 200-day moving average price of $48.99. UGI Corporation has a 52-week low of $41.79 and a 52-week high of $52.00.
UGI Corporation (NYSE:UGI) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.18 billion. UGI Corporation had a net margin of 6.48% and a return on equity of 10.44%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, analysts expect that UGI Corporation will post $2.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, September 14th. UGI Corporation’s dividend payout ratio is 45.87%.
Several equities analysts have weighed in on the company. Zacks Investment Research raised UGI Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Barclays PLC cut their target price on UGI Corporation from $44.00 to $43.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $46.00 target price on shares of UGI Corporation in a research note on Friday, July 14th. Finally, BidaskClub lowered UGI Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. UGI Corporation presently has a consensus rating of “Hold” and a consensus target price of $47.80.
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In other news, Director Roger B. Vincent sold 25,500 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $50.70, for a total value of $1,292,850.00. Following the transaction, the director now directly owns 20,266 shares of the company’s stock, valued at approximately $1,027,486.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John L. Walsh sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $50.90, for a total value of $2,545,000.00. Following the completion of the transaction, the chief executive officer now directly owns 477,617 shares in the company, valued at $24,310,705.30. The disclosure for this sale can be found here. Insiders sold a total of 97,250 shares of company stock worth $4,954,218 over the last three months. 2.20% of the stock is owned by company insiders.
UGI Corporation Company Profile
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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